Press release
Organic Olive Oil Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033
Organic Olive Oil Market Share
As per the report, the organic olive oil market size has grown strongly in recent years. It will grow from $1 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The organic olive oil market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
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Growing Demand For Functional Foods Fuels Organic Olive Oil Market Expansion
The rising demand for functional foods is expected to propel the growth of the organic olive oil market going forward. Functional foods refer to components derived from natural sources that provide additional health benefits beyond essential nutrition. Consumers are becoming more aware of the link between diet and health, leading to a preference for foods that offer health benefits beyond essential nutrition. Organic olive oil is used in functional food due to its high content of antioxidants and healthy monounsaturated fats, which provide numerous health benefits, such as reducing inflammation and improving heart health. For instance, in February 2022, according to a report published by Agriculture and Agri-Food Canada, a Canada-based government agency, the retail sales value of the health and wellness food and beverage sector in the United States increased to $191.9 billion in 2021, compared to $191.7 billion in 2020. Additionally, fortified or functional foods and beverages are expected to grow by 15.3%, and the health and wellness category is projected to reach $218.1 billion in 2025, reflecting a 13.8% increase compared to 2021. Therefore, the rising requirement for functional foods drives the organic olive oil market.
Enhancing Organic Olive Oil Distribution And Development Through Digital Ecosystems
Major organizations operating in organic olive oil are looking to advance the distribution and development of organic olive by leveraging digital ecosystems such as application management systems to streamline supply chains, enhance traceability, and connect directly with global consumers. The digital application management system helps farmers learn from each other, adopt new technologies, manage their finances and marketing effectively, and join a larger community. For instance, in September 2021, an EU-based initiative designed to support small and medium-sized olive oil producers in the Mediterranean region introduced a new application named Artolio App to connect extra virgin olive oil producers across the Mediterranean. This innovative application management system, funded by the European Union under the ENI CBC MED program, aims to enhance business operations, foster innovation, and facilitate knowledge exchange. Through the ARTOLIO App, farmers establish a digital regional community of skilled local producers, enhance visibility, leverage scale advantages, and offer high-quality products to the market.
The organic olive oil market covered in this report is segmented -
1) By Type: Virgin Olive Oil, Extra Virgin Olive Oil
2) By Distribution Channel: Hypermarkets Or Supermarkets, Grocery Store, Online, Other Distribution Channel
3) By End User: Food Processing, Food Service, Cosmetics And Personal Care, Pharmaceuticals, Other End Users
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Major companies operating in the organic olive oil market are Minerva S.A., Sovena Group S.A., Deoleo S.A., Borges Organic Olive Oil Company, Roland Foods LLC, California Olive Ranch Inc., Cobram Estate Olives Limited, Terra Delyssa, Curation Foods Inc., Belazu Ingredient Company Ltd., La Tourangelle Inc., Colavita S.p.A., Monini S.p.A., Oleificio Zucchi S.p.A., Castillo de Canena Olive Juice S.L., Ybarra Alimentación S.A., Oleoestepa S.C.A., Grupo Maeva S.L., Bariani Olive Oil LLC, Enzo Olive Oil Company, Lamasia Comunicacion S.A., Lucini Italia Co., Kosterina Inc., Frantoio Franci S.R.L., Gaea Products S.A.
Contents of the report:
1. Executive Summary
2. Organic Olive Oil Market Report Structure
3. Organic Olive Oil Market Trends And Strategies
4. Organic Olive Oil Market - Macro Economic Scenario
5. Organic Olive Oil Market Size And Growth
…..
27. Organic Olive Oil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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